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200301626 or regulation that governs the same subject matter. As used in this Security Instrument, "RESPA" refers to all requirements and restrictions that are imposed in regard to a" federally related mortgage loan" even if the Loan does not qualify as a "federally related mortgage loan" under RESPA. (ty "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not that parlyhas assumed Borrower's obligations under the Note and /or this Security Instrument. TRANSFER OP RIGI ITS IN THE PROPERTY This Securitylnstrument secures to Lender: (i) the repaymentof the loan, and all renewals, extensions and modificationsof the Note; and (ii) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to Trustee, intrust, with power of sale, the following described property located in the County of H_ all [ "type of Recording .Jurisdiction] [Name of Recording Jurisdiction] Lots One (1) and Two (2), Hazen Subdivision, City of Grand Island, Hall County, Nebraska. which currently has the Grand Island [City] [Street] Nebraska 68803 ('Property Address "): [Zip Code] FOGEI'IILR WITH all the improvements now or hereafter erected on die property, and all easements, appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property." BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Properly against all claims mid demands, subject to mry encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non - uniform covenants with limited variations byprisdicfion to constitute a uniform security instrument covering real property. UNIFORM COVENANT'S. Borrower and lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borowtr shall pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late charges due under the Note. Hot rnwcr shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note mid this Security Instrument shall be made in U.S. currency, However, if any cheek or other instrument received by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender my} require that any or all subsequent payments due under the Note and this Security Instrument be made in One or more ofthe following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer. Payments are deemed received by Lender when received at the location designated in the Note or at such other location as may be designated by Lender in accordance will) the notice provisions in Section 15. lender may return any payment or partial payment if the payment or partial payments are insufficient to bring the l oan current. Lendermayaccept any payment or partial payment insufficient to bring the Ivan current, without waiver of any rights hereunder or prejudice to its rights to refuse such payment m partial payments in the figure, but Lender is not obligated to apply such payments at the time such payments are accepted If each Periodic Payment is applied as of its scheduled due date, then Lender need not pay interest on unapplied funds. Lender may hold such unapplied funds until Borrower makes payment to bring die Lean current. If Borrower does not do so within a reasonable period of tine, Lender shall either apply such funds or return them to Borrower. If not applied earlier, such funds will be applied to the outstanding principal balance under tine Note immediately prior to foreclosure No offset or claim which Borrower might have now or in the firture aggainst Lender shall relieve Borrower from making payments due under the Note and this Security Instrument or perfouning the covenants and agreements secured by this Security Instrument. 2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, all payments accepted and applied by Lender shall be applied in the following order of priority: (a) interest due under the Note; (b) principal due under [ e Note; (c) amounts due under Section 3 Stich payments sha[I be applied m each Periodic Payment in the order in which it became due. Any remaining amounts shall be applied first to late charges, second to any other amounts due under this Security Instrument, and then to reduce the principal balance of the Note. NERRASKA- MSingk l7amily-- Fmnl,lom /Fnadie Nl- UNIFORM INSTRUMENT Form3028 1 101 (pnye2uf8puges) vsaCV (I T2) 111112, "O H goom 1 vn)